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Democrats are struggling to redirect the blame for inflation off of Biden. They should put the blame where it belongs -- on The Federal Reserve!
Falling bond prices, in turn, mean paper losses on the massive holdings that the Fed and others accumulated during their rescue efforts in recent years.
... For "Risking Millions Of Livelihoods"
Ep. 2904a - The Next Phase Of The Economy Is Coming, The [CB] Will Cease To Exist In The End (17 min)
International Man: First, the Federal Reserve told us there was no inflation.
With inflation hitting a 40-year high in 2022, Americans around the country are finding it harder to make ends meet.
Markets always have the final say. They ultimately overrule the incessant schemes of politicians and central bankers. There are no man-made "policies" that have the capability of revoking economic laws. There are no shortcuts, loopholes, or free lunc
Under the hood food and shelter jumped notably (despite energy drops). A few indexes declined over the month, including the index for used cars and trucks, which fell 1.1 percent in September after decreasing 0.1 percent in August.
...and SURGES 800 points in wild trading session
Around 1400ET, JPM CEO Jamie Dimon warned that he "doesn't think there will be a soft landing," adding that his "gut tells him the Fed rate will be higher than 4-4.5%"
It has been only seven months since the beginning of the rate hike cycle, which the market found it hard to tolerate. One can imagine the road ahead!
All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.
While the Fed sits around and rearranges numbers, equations and definitions to try and couch what is obviously an ugly inflationary picture for the country, at least one company is giving it to people straight: PepsiCo.
WATCH LIVE: Kari Lake Holds 'Inflation Relief Press Conference' In Phoenix Arizona, Announces Plan to Fight Bidenflation And Abolish Grocery and Rent Tax
Americans can expect a "return of some ugly inflation to freight, home comfort, and airfares"...
...At The Seams
You can trace the Fed's inflationary monetary policy all the way back to 1998 and the Long-Term Capital Management bailout...
America's currency would regain stable footing for the first time in half a century if a bill just introduced by U.S. Representative Alex Mooney (R-WV) becomes law.
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation.
Money manager and economist Peter Schiff says the markets think the Federal Reserve can win the fight on inflation by raising interest rates.
Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions"
There is no way the current unrest is about the consumer or inflation any longer. Commodity prices are plunging, the United States dollar is soaring, freight rates are tumbling and supply delivery delays are sagging.
Was the Federal Reserve under an unspoken mandate to keep the easy money going during Covid that overrode its mandate to keep inflation under control?
In total, Joe Biden's energy policy driven inflation has added $961/month to preexisting expenses. That's $11,532 a year just to retain the status quo standard of living.
Federal Reserve Chair Jay Powell wants a swift decline in the rate of consumer price inflation. He isn't getting what he wants.
Money supply took off during covid lockdowns. It is now about to take off again to pay everyone's energy bills. But that is not all.
"You can't fight inflation with negative interest rates..."
Argentine annual inflation surged to 78.5% in August, almost certainly cementing another central bank interest rate hike as early as this week.
The European Central Bank (ECB) raised interest rates another 75 basis points last week. In his podcast, Peter Schiff explained how the ECB inflation fight could create big problems for the Federal Reserve and the US dollar.
Is anyone buying this?
